The partnership, created in Busan, South Korea, three years ago, aims to bring together aid donors and recipients, emerging economies, civil society organisations, private sector companies and foundations in the hope of eradicating poverty through better cooperation.
In 2004 the late University of Michigan management guru CK Prahalad extolled the value of sachet packaging in his bestselling book, The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits.
Eradicating Poverty Through Profits" (Wharton School Publishing), is essentially a rallying cry for big business to put serving the world's 5 billion or so poorest people at the heart of their profit-making strategies.
Mr. Prahalad wrote "The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits," about how companies could tap the poor as customers and, as a result, improve the lives of millions of impoverished people in developing countries.
The two are not the same and should not be spoken of as the same, but there is a point to be made about them both sharing a sense of preserving the cleanliness of a space through "ritualised" acts of eradicating the "defilement": the woman who "defiles" the family's purity, or the Muslim who "defiles" that of the nation.
Today, g7+ is 18 members strong, with the stated goals (pdf) of "stopping conflict, building nations and eradicating poverty through innovative development strategies, harmonised to the country context, aligned to the national agenda and led by the state and its people".
"The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits" (2004) was a counterblast against two types of intellectual laziness: that of corporate titans who were ignoring the bulk of humanity and that of humanitarians who regarded profit as a dirty word.
His work opens the door for eradicating disease through the genetic editing and repair of faulty DNA loops.
We should have a discussion for the times in which we live, be open to learn from the Africans, and focus on what we can do better than anyone: eradicating poverty through entrepreneurship.
(As I explained in Part 1, optimism about eradicating disease through the use of antibiotics should have been tempered by what evolution predicted about the emergence of antibiotic resistance in bacteria).
